One-Page Deal Sheet
Ranger Acquires Patriot Well Solutions in All-Stock Deal
Ranger Energy Services Patriot Well Solutions LLC
Announced Date
May 17,2021
Transaction Type
Corporate
Location
Region
Rockies - Powder River Basin,Rockies - DJ Basin,Permian,Williston Basin
Country
United States
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Transaction Details: Require Private Equity Subscription
Ranger Energy Services, Inc. has acquired Patriot Completion Solutions LLC (d/b/a Patriot Well Soluitions) in an all-stock transaction.
The acquisition of Patriot expands Ranger's presence in the Permian, Bakken, DJ, and Powder River Basins.
Darron Anderson, CEO of Ranger Energy Services stated, “The addition of Patriot to our Ranger portfolio of companies checks a number of strategic boxes. Operators continue to drive capital discipline resulting in a material growth of well maintenance and intervention style work. Patriot’s primary service offering of wireline evaluation and intervention…